Cirque du Soleil co-founder lands $65M loan for Miami properties

Loan is secured by Little Haiti warehouses and Morningside estate

Miami /
Dec.December 04, 2018 08:45 AM

300 Northeast 60th Street and Guy Laliberte

UPDATED, Dec. 4, 9 a.m.: Cirque du Soleil co-founder Guy Laliberté closed on a $65 million loan for properties near the Magic City Innovation District and a waterfront home in Miami’s Morningside neighborhood.

Property records show Heiva Holdings USA LLC took out about $12.4 million of a larger revolving line of credit from the National Bank of Canada for three warehouses at 300 Northeast 60th Street and an estate at 5851 North Bayshore Drive. Robert Blaine, co-CEO of Groupe Lune Rouge and president of Laliberté’s family office, manages the LLC.

Laliberté’s company paid $6.9 million in cash for the three connected warehouses in Little Haiti about a year ago. The Canadian theater impresario is partnering with Magic City Innovation District developers Tony Cho, Bob Zangrillo and Plaza Equity Partners on the planned $1 billion mixed-use project.

Montreal-based Lune Rouge, which Laliberté co-founded as well, develops and invests in projects tied to technology, arts, entertainment and real estate.

In November 2017, Heiva Holdings paid $5.5 million for the six-bedroom, former home of Royal Caribbean CEO Michael Bayley, also secured by the mortgage.

A spokesperson for Laliberte said the warehouses are used for office space for Lune Rouge Entertainment.


Related Articles

arrow_forward_ios
Mallory Kauderer and 5501 Northeast Second Avenue (The Porosoff Group, Twitter, Getty)
Churchill’s Pub in Little Haiti hits market
Churchill’s Pub in Little Haiti hits market
Tonino Doino and Peter Saliamonas with Jimmy’s Eastside Diner
Jimmy’s Eastside Diner, featured in “Moonlight,” has a new owner
Jimmy’s Eastside Diner, featured in “Moonlight,” has a new owner
Crunch Fitness and Big Move Properties' Douglas Levine with  8200 Northeast Second Avenue and 201 Northeast 82nd Street (Google Maps, Lead Edge Capital)
Crunch Fitness founder beefs up retail portfolio with $18M purchase in Little Haiti
Crunch Fitness founder beefs up retail portfolio with $18M purchase in Little Haiti
From left: Future Cities' Tony Cho, Plaza Equity Partners' Anthony Burns and George Helmstetter, Dragon Global's Bob Zangrillo and Plaza Equity Partners' Neil Fairman (Future Cities, Plaza Equity Partners, Dragon Global)
Tony Cho exits Magic City Innovation District project in Little Haiti
Tony Cho exits Magic City Innovation District project in Little Haiti
Innovation District (DB Lewis Architect-Thresholds Intl, iStock)
Mike Zoi’s Motorsport firm proposes offices at Magic City Innovation District
Mike Zoi’s Motorsport firm proposes offices at Magic City Innovation District
Donald Trump and Grant Cardone (Cardone Enterprises)
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
A map from the report (The Leroy Collins Institute at Florida State University, iStock)
Sea-level rise to prompt displacement of Miami’s low-income, minority communities, study finds
Sea-level rise to prompt displacement of Miami’s low-income, minority communities, study finds
Long-stalled, controversial Little Haiti project heads to Miami commission vote
Long-stalled, controversial Little Haiti project heads to Miami commission vote
Long-stalled, controversial Little Haiti project heads to Miami commission vote
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...